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Convergence Long/Short Equity ETF (CLSE)
USD34.07
-0.10 (-0.29%)
CBOE USD US Equity
NAV
USD 30.60
+11.34% vs NAV
as of 2026-04-20
AUM
USD 447.61M
TER
1.52%
Yield (TTM)
0.76%
Distribution
Distributing · Annual
52-week range
23.19 – 34.45
Holdings
363
Issuer
Convergence
About this ETF
The Convergence Long/Short Equity ETF seeks to provide a greater return potential than traditional approaches while reducing risk. The fund endeavors to provide a material and consistent alpha through its proprietary fundamental ranking process from both long and short holdings over a market cycle.
ISIN
US89834G7604
Issuer
Convergence
Domicile
US
Inception
2009-12-29
Asset class
Equity
Website
investcip.com/etfstrategies.html
Price
Top 10 holdings
| Cash & Other | 39.80% |
| NVIDIA Corp NVDA | 5.35% |
| Lam Research Corp LRCX | 2.95% |
| Amazon.com Inc AMZN | 2.45% |
| Alphabet Inc GOOG | 2.45% |
| Alphabet Inc GOOGL | 2.45% |
| Meta Platforms Inc META | 2.28% |
| Micron Technology Inc MU | 2.15% |
| Dell Technologies Inc DELL | 1.96% |
| Advanced Micro Devices Inc AMD | 1.90% |
Sector mix
Price chart
USD34.07
-0.10 (-0.29%)
Loading historical data…
Returns
| 1 month | +2.34% |
| 3 months | +13.38% |
| 6 months | +23.53% |
| Year to date | +24.66% |
| 1 year | +46.35% |
| 3 years (ann.) | +29.71% |
| 5 years (ann.) | — |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | 13.76% |
| Sharpe (1y) | 2.84 |
| Sharpe (3y) | 1.95 |
| Sortino (1y) | 4.54 |
| Max drawdown (1y) | -4.85% |
| Max drawdown (5y) | — |
| Max drawdown (full) | -16.55% |
| Beta vs S&P 500 (1y) | 0.81 |
| Correlation vs S&P 500 (1y) | 0.74 |
Technical outlook as of 2026-07-13
Day Score (bias 0-100, not a probability)
54
P(gain) 22 sessions — probability
66%
VaR 95% (daily)
-1.37%
CVaR 95% (daily)
-2.05%
GARCH vol forecast (22d)
0.83%
Market regime (Markov)
Lateral
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Top-10 concentration
63.7%
Effective holdings
14
Disclosed positions
363
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Sector breakdown
Geographic exposure
Loading map…
Cost vs. peers
CLSE
1.52%
Equity median
0.39%
Cheapest in class BKLC
0.00%
Comparison universe: 6,948 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2025-12-15 | 2025-12-16 | USD 0.2602 |
| 2024-12-16 | 2024-12-17 | USD 0.2120 |
| 2023-12-15 | 2023-12-21 | USD 0.2064 |
| 2022-12-15 | 2022-12-19 | USD 0.1250 |
ESG profile
Derived from holdings
covers 59.4% of the portfolio by weight
(346 scored constituents)
Environmental
61.3
class avg 63.0
Social
59.9
class avg 62.3
Governance
62.2
class avg 64.9
Total ESG
61.2
class avg 63.4
Benchmark: average of 4,066 funds of the same asset class with derived ESG data.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| Vanguard Total Stock Market ETF VTI | 0.03% | 2.30T | 1.05% | +19.93% | 1.48 |
| Vanguard S&P 500 ETF VOO | 0.03% | 1.70T | 1.07% | +19.68% | 1.49 |
| iShares Core S&P 500 ETF IVV | 0.03% | 894.38B | 1.09% | +19.68% | 1.49 |
| State Street SPDR S&P 500 ETF SPY | 0.09% | 789.23B | 1.00% | +19.71% | 1.49 |
| SPDR S&P 500 ETF Trust 1557.T | 0.09% | 789.09B | 0.49% | +37.54% | 2.26 |
| State Street SPDR S&P 500 ETF SPY.AX | 0.09% | 788.13B | 1.00% | +11.84% | 1.13 |
| Vanguard Total International Stock ETF VXUS | 0.05% | 652.30B | 2.61% | +20.58% | 1.21 |
| Invesco QQQ Trust, Series 1 QQQ | 0.18% | 481.14B | 0.43% | +28.14% | 1.43 |
| Vanguard Growth ETF VUG | 0.03% | 393.80B | 0.39% | +16.85% | 0.99 |
| Vanguard FTSE Developed Markets ETF VEA | 0.03% | 317.30B | 2.60% | +21.64% | 1.23 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| Invesco QQQ Trust, Series 1 QQQ | 0.18% | 481.14B | 23.1% |
| iShares Core S&P 500 UCITS ETF CSSPX.MI | 0.07% | 151.54B | 13.7% |
| iShares Core S&P 500 UCITS ETF CSP1.L | 0.07% | 151.66B | 13.7% |
| iShares Core S&P 500 UCITS ETF SXR8.DE | 0.07% | 151.54B | 13.7% |
| iShares Core S&P 500 UCITS ETF CSPX.AS | 0.07% | 151.54B | 13.7% |
